The Institutional Real Estate Letter - Australia
June 1, 2015: Vol. 4 Number 2Buy For $65.00 Add to Cart
Thready pulse: Economic malaise and a weak labour market have policymakers worried
Australia is perhaps the leading example of a natural-resources economy. As such, the Australian dollar is a “commodity currency” that has been dealt a blow by the slow rate of global growth.
Weighing the money: Australian real estate remains popular, but keep a close eye on fundamentals
This quarter, Property Investment Research recaps the most recent A-REIT reporting season and discusses some recent investor surveys.
Running hot: Most A-REITs continue to trade well above net tangible assets
Australian listed real estate has continued to rally during 2015. Between 31 December 2014 and 31 March 2015, the Australian dollar–based S&P/ASX 200 A-REIT index rose 8.4 percent, with the consequence that many A-REITs continue to trade significantly above their net tangible assets.
The intelligent edifice: New technologies promise to boost building IQs and create architectural ecosystems
Think about your office building’s intelligence quotient. It is no Einstein. Do not feel badly; most buildings are well to the left of the bell-shaped intelligence curve.
Future Fund attains double-digit gains
Australia’s A$117 billion Future Fund generated returns of 15.1 percent in the first nine months of the fiscal year ending 31 March 2015.
Strong metro office demand to continue during 2015
Demand for office space in Sydney and Melbourne reached record levels in 2014, according to Colliers International’s recent Metropolitan Office Research and Forecast Report.
Hilton Sydney bought by Chinese company
Hilton Worldwide Holdings is under contract to sell the Hilton Sydney for A$450 million to Shanghai-based Bright Ruby Resources.